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How and why the plan will work:

Isn't the VAT too hard on low-income people??.....

Won't there be a lot of tax evasion??.....

Won't there be winners and losers??...What about corporations and proprietorships??...

How do companies set withholding rates if the payees have several jobs or change jobs??...

How do companies withhold on capital gains if they don't have the tax basis??....

How do you tax a transaction when one individual pays another and no one fits the business definition for filing??...

The VAT can be made more progressive by either exempting

necessities or paying rebates to low-income people. The Clean Slate overall is more progressive than the present system because there

are no deductions against investment income, and people with very high compensation don't enjoy the same big tax breaks others get.

It is fairer overall because there are no tax shelters and higher compliance.

There will be less evasion. The IRS says 15 percent of tax revenue is now lost

to underreporting, excess deductions, and nonfiling. That is $350 billion and growing. The VAT will catch some of those losses because it

applies to all purchases. Strict withholding on investment income and compensation will eliminate more losses. …

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